It’s no surprise that LLCs remain an attractive option for business owners. In addition to providing them limited liability, they allow the owners to customize the LLC’s management and economic structure while offering a high degree of flexibility in taxation. However, when organizing LLC formation documents, choosing the right federal tax structure is key.
Part I of this two-part series considered some of the more significant banking, business and ethical issues related to the legalization of marijuana. Part II will now highlight issues related to employment in states where marijuana is legal.
This two-part blog will highlight significant issues attorneys and their clients face as a result of the emergence of legalized marijuana. In this Part I, we’ll consider the challenges posed to banks and other businesses, as well as the ethical obstacles confronting lawyers. In Part II, we’ll look at employment law issues related to marijuana’s legalization.